Downward-sloping line

Assignment Help Business Economics
Reference no: EM131095522

On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What can we conclude?

a. Treatment M dominates Treatment N: obvious domination

b. Treatment N dominates Treatment M: obvious domination

c. Treatment M dominates Treatment N: only marginal domination

d. Neither treatment is dominated by the other

e. None of the above

Reference no: EM131095522

Questions Cloud

Prepare income statements using absorption costing : Prepare income statements for both years using absorption costing. Has firm performance, as measured by income, improved or declined from Year 1 to Year 2?
Expect these countries to have higher or lower national debt : Average inflation rates tend to be higher in countries that have relatively weak judicial systems and property rights (remember chapter 1 and the importance of secure property rights?). Why do you think this is the case? Would you expect these countr..
Introduction with one comprehensive thesis statement : Present the topic in a catchy introduction with one comprehensive thesis statement. Develop the argument and at least two counterarguments in a logical way.
Full employment output : A full employment output
Downward-sloping line : On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What can we conclude?
The marginal product of labor : Consider a firms per-period (e.g., hourly) production process. If it employs 1 unit of labor, then 4 units of output will be produced; if it employs 2 units of labor, then 10 units of output will be produced; and if it employs 3 units of labor, then ..
Firm average fixed cost function-average total cost function : Suppose a firms production function is Q = 2K0.5 L0.5. Its level of capital is fixed at 9 units, the price of labor is PL = $12 per unit, and the price of capital is PK = $10 per unit. The firm’s average fixed cost function, average variable cost fun..
Professional relationships with family and community : Should: Thoughtfully describes evolving issues and conditions related to the purpose of schooling, including the ability to adapt to evolving issues and consideration as time and situations change, and making wise decisions according to time, plac..
Example of a computer system : On the Web, find an example of a computer system that uses:

Reviews

Write a Review

Business Economics Questions & Answers

  What discount rate would environmental groups argue

Suppose an environmental regulation costs $400,000 today (one time payment) and would save $1 million worth of health costs 20 years from now. a) Would you recommend the program at a discount rate of 0%? 2%? 10%? b) Which discount rate would industry..

  What will be the long-run impact of the electronic payments

What can the central bank do, if anything, to counteract the short-run changes in output and prices? If the central bank does not take any policy actions, what will be the long-run impact of the electronic payments system on prices and output?

  Brands of fertilizers during the next growing season

A gardener can use one of the three brands of fertilizers during the next growing season. The following decision table shows the expected gross income per acre for each fertilizer brand and weather condition for the growing season.

  Announced intent to buy large numbers of treasury bonds

The federal government recently announced intent to buy large numbers of Treasury Bonds. Explain how the federal government expects this to improve the economy. Compare this to other companies buying their own stocks. Make a prediction as to the succ..

  Plot better beds average fixed cost for quantities

When Better Beds produces 40 beds per day, its average variable cost is $600, its average total cost is $800, and its marginal cost is $700. 9.1. Based on this information, use the red points (cross symbol) to plot Better Beds' average fixed cost (AF..

  If the federal reserve is a net seller of government bonds

What happens to the money supply, interest rates, and the economy if the Federal reserve is a net seller of government bonds?

  Prone to perversion by destructive forms of conscientiousnes

What does Erikson mean by “is prone to perversion by destructive forms of conscientiousness?” How can someone who is conscientious be destructive? Can people trying to "do good" end up harming others?

  Compute market price quantity of wheat produced

Compute market price, quantity of wheat produced, and the new equilibrium number of farms in this new situation.

  Market identified as having monopolistic competition

In economics, what is meant by an Oligopoly? What are some ways to make a distinction between an Oligopolistic Market and a Market identified as having Monopolistic Competition?

  Show the effects of an increase in total factor production

Show the effects of an increase in the total factor productivity, z, on the Laffer curve, on the equilibrium tax rate, and on consumption, leisure, the quantity of labor supplied, and output.

  What policy towards the automakers should we pursue

The traditional U.S. auto industry (the Big Three) has struggled for many years against competition from foreign-owned automobile companies. Their struggle was dramatically heightened in 2008 with the world-wide credit crunch and economic slowdown. W..

  How much profits does this firm earn in the short-run

Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd